Ec100: ECONOMICS A 2010/2011
Lecture Handout 5: Determining Supply (1) - Individual Firm Production Decisions
Class Work
The first written assignment is attached at the end of this
handout. It is to be handed in at your class in week 7.
Lecture notes and

Ec100: ECONOMICS A 2010/2011
Handout Week 6:
Perfect Competition and Monopoly
REVISION OF CONCEPTS
Profit maximisation
Long run v. short run
Economies and diseconomies of scale
Total, average and marginal costs
Output decisions
Decisions on whether

Ec100: ECONOMICS A 2010/11
Lecture Handout 5: Determining Supply (1)
Individual Firm Production Decisions
Lecture Notes on website at:
http:/moodle.lse.ac.uk/
Classes should now have had at least 2
classes any problems?
Written work attached to Handou

Ec100: Economics A 2010/11
Lecture Handout Week 1
Aim of course
To understand why and when economic
thinking can help understanding and
decisions
To develop understanding of theory and
techniques so students can analyse
economic problems and policies ta